G&S Capital LLC Sells 470 Shares of American Electric Power Company, Inc. (NASDAQ:AEP)

G&S Capital LLC decreased its holdings in shares of American Electric Power Company, Inc. (NASDAQ:AEP) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,954 shares of the company’s stock after selling 470 shares during the period. G&S Capital LLC’s holdings in American Electric Power were worth $1,471,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AEP. State Street Corp increased its holdings in American Electric Power by 4.3% in the third quarter. State Street Corp now owns 26,902,755 shares of the company’s stock valued at $2,760,223,000 after purchasing an additional 1,114,954 shares during the last quarter. Geode Capital Management LLC grew its position in shares of American Electric Power by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,524,692 shares of the company’s stock worth $1,280,655,000 after buying an additional 352,588 shares during the period. FMR LLC increased its stake in shares of American Electric Power by 18.8% in the 3rd quarter. FMR LLC now owns 6,866,952 shares of the company’s stock valued at $704,549,000 after acquiring an additional 1,087,163 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of American Electric Power by 2.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,644,349 shares of the company’s stock valued at $427,009,000 after acquiring an additional 100,578 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of American Electric Power by 109.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,753,250 shares of the company’s stock valued at $385,079,000 after acquiring an additional 1,962,125 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American Electric Power Trading Up 0.5 %

NASDAQ AEP opened at $102.35 on Thursday. American Electric Power Company, Inc. has a 52 week low of $77.51 and a 52 week high of $105.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.41 and a current ratio of 0.57. The stock’s 50 day moving average price is $95.38 and its two-hundred day moving average price is $97.90. The stock has a market capitalization of $54.46 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.84 and a beta of 0.58.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. American Electric Power had a net margin of 13.48% and a return on equity of 11.41%. As a group, analysts anticipate that American Electric Power Company, Inc. will post 5.58 earnings per share for the current fiscal year.

American Electric Power Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.63%. American Electric Power’s dividend payout ratio is 74.55%.

Analyst Ratings Changes

A number of research analysts recently issued reports on AEP shares. Evercore ISI decreased their price objective on shares of American Electric Power from $97.00 to $96.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Barclays decreased their price target on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, November 26th. Morgan Stanley dropped their price objective on American Electric Power from $109.00 to $104.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Wells Fargo & Company reduced their target price on American Electric Power from $104.00 to $102.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, UBS Group increased their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $98.00.

About American Electric Power

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.